Asia markets advance as China’s inflation retards and Berlusconi agrees to step down.

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP

Asian equities experienced growth as investors became aware of Berlusconi's forthcoming resignation and China reported drop in inflation rate. Japan's Nikkei Stock Average edged up 1.2%, Shanghai Composite gained 0.8%, and Hang Seng Index advanced 1.7%, Australia's S&P/ASX 200 index increased 1.2% while South Korea's Kospi rose 0.2%.

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Wed, 09 Nov 2011 10:43:01 GMT

US stocks close higher as Berlusconi intends to resign

After shifting session, US securities ended higher on Tuesday as Silvio Berlusconi offered to resign after vote on austerity measures.  S&P 500 Index added 1.2% reaching 1,275.92, Dow Jones Industrial Average gained 0.8% and climbed to 12,170.18, while Nasdaq Composite Index edged up 1.2% and closed at 2,727.49. Nevertheless, Stephen Wood, Russell Investments chief market strategist claims EU political environment to be rather uncertain.

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

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